Estate Planning Strategies: Deed vs. Will, Avoiding Probate, and Financial Implications

This chapter delves into the nuances of estate planning by comparing the implications of being on the deed versus being on the will, touching upon strategies to bypass probate and maximize benefits for beneficiaries through step-up in basis. It warns about the potential drawbacks and risks associated with simply being on the deed, stressing the necessity of a holistic approach involving estate attorneys and financial planners for effective tax management and goal alignment.